This paper proposes the development of an 'observational economics' whose domain would be restricted to what is observable in the real world. Observational economics should be regarded as a separate but complementary undertaking to mainstream economics. Adoption of such an approach would enhance...

This paper proposes the development of an 'observational economics' whose domain would be restricted to what is observable in the real world. Observational economics should be regarded as a separate but complementary undertaking to mainstream economics. Adoption of such an approach would enhance...

Success in capitalist enterprise is often associated with the Protestant work ethic. However, study of three major entrepreneurs - Carnegie, Rockefeller, and Morgan - reveals systematic leisure seeking and limited involvement in day-to-day business operations. It is suggested that this...

The dominant business form of this century, the hierarchically controlled multidivisional enterprise, is typically committee-commanded. commanded. However in the last quarter-century there has been a resurgence of leader-commanded firms. Two distinct types are identified. The more common is the...